#TOTALMARKETCAP update 📊
The #altcoins market cap is undergoing a retest above the descending triangle while encountering resistance at the MA 200.
Currently, it is in a consolidation phase and trading below the Ichimoku cloud.
Anticipated is a rebound following further liquidity absorption from the descending trendline.
A strong #breakout of both the MA 200 and the Ichimoku cloud would confirm a bullish sentiment in the altcoins market.
